A Charlottesville/Albemarle Area RE Blog tracking the market's Boom Bubble Bust Bounce, from 2008 to 2013. The second half of 2010 saw a steep downward spiral in sales; 2011 saw sales volume at 13 yr lo with prices dropping each Quarter. 2012 began with even lower prices which resulted in an uptick in Y/Y sales, and mid-2012 saw "Carpe Diem" trumping "Caveat Emptor." 2013: Booming. Are we a "Protected Market" once again? Time will tell.
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Monday, July 6, 2009

Michael Comer, Glenmore Country Club Prez and Developer, Still Missing

The 45 year-old Albemarle County man, whose disappearance was reported Wednesday, July 1, 7:30 pm by his wife, is still missing.

The family met with Nelson County Sheriff's Department on Sunday, July 5.

Police initially searched the hiking trails near his second home at Wintergreen Resort in Nelson County, but called off the search by Thursday night, July 2.

At this point, investigators consider Michael Comer a "missing person," and do not suspect foul play. According to media reports, “There’s no evidence that there was a crime committed,” said Nelson County Sheriff David Brooks on Friday.Comer was president of Glenmore Country Club, in the Glenmore Development in Keswick, Albemarle County, and also served as project manager for Glenmore Associates, the entity responsible for the Glenmore Development. Comer's brother in law is Jeff Gaffney of Real Estate III; he is the one who went to Wintergreen to look for Comer.

Comer’s vehicle was found near his Wintergreen house with the doors unlocked and the keys inside. Gaffney said, “We have absolutely no idea what’s happened to him.”

According to NBC29,

Officials have said they would consider investigating other “areas and avenues” that may be connected to Comer’s disappearance.

What exactly those other scenarios are is something police “haven’t fully explained,” Gaffney said.

Gaffney said that Comer didn’t have any enemies, and he doesn’t know if Comer — whom he called a devoted family man — may have left town.

Va. Housing Development Authority market data for the local Realtors Assn. indicates rising foreclosures, declining prices, then "correction" at least 12 months away.Comparisons: See Current Median Home Prices in Cville, Alb, other parts of VA, and 20 other markets.

Home prices likely lower in 2011, in 85% of the United States' 381 metropolitan areas - PMI Group. Includes graphs.VP Biden - We "Misread the Economy" - VideoThe number of foreclosures keeps rising because mortgageholders can't afford the modifications. Read the data.

Halsey Minor, King of The Tyvek Tower, is being sued not just by contractors, but by the funding bank. TheLandmark Mess continues. City claims it will not bail out the blight on the landscape and a real contrast to the $7.5 million in bricks at the base of the steel girders.